The Variety of Standards Set by Managers Include All but One

question 34

Multiple Choice

The variety of standards set by managers include all but one of the following:

• A)time
• B)clan control
• C)output
• D)quality
• E)behavioural

---

Definitions:

Break-Even

The point at which total costs and total revenues are equal, meaning that a business or product is neither making a profit nor sustaining a loss.

Sales Dollars

The total revenue generated from the sale of goods or services by a company before any expenses are deducted.

Common Fixed Expenses

Costs that do not change with the level of output or sales, shared across different sections or products of a business.

Break-Even

The point at which total costs and total revenue are equal, resulting in no net loss or gain.